During the Oracle OpenWorld tech conference held in San Francisco each year, Gov. Schwarzenegger hit the stage to discuss technology's role in California's struggling economy, and discussed innovations made in “cleantech” and medical technology.

He also praised both Ellison and Sun chairman Scott McNealy, as the two companies look towards the future.  If the acquisition is finalized, it should provide the groundwork for a very interesting battle between Oracle and IBM.  

Although Oracle showed off its new database product that utilizes Sun hardware and Oracle software, some of the event was spent verbally attacking IBM.   During the event last week, Ellison offered a challenge -- worth $10 million -- to a company that finds its software isn't twice as fast on Sun servers than on IBM servers.

"IBM, you are more than welcome to enter.  If you'd like to take us on, make our day."

Oracle has a very large software presence, and hopes its Sun buyout will give it a better hardware/server presence.  IBM is best known for software and services these days, but also has servers available it can bundle software on to for clients.

Oracle is still spending large amounts of money for acquisitions, gobbling up smaller tech companies that have technology Oracle could implement in future products.